Bankruptcy And Criminal Code Charges

(TORONTO, ON) – The Royal Canadian Mounted Police – Greater Toronto Area Commercial Crime Section in partnership with the Toronto Office of the Superintendent of Bankruptcy, charged four individuals with offences under the Bankruptcy and Insolvency Act and the Criminal Code. The allegations all relate to fraud and the abuse of the Bankruptcy process and are four separate investigations.

Selvachandran NADARAJAH, 45 years of age, of Farmsted Road, Toronto, Ontario was charged on November 2nd, 2010 and is scheduled to appear in court on Friday December 3rd, 2010 at Old City Hall Courthouse in Toronto. He is facing one Criminal Code charge and ten charges under the Bankruptcy and Insolvency Act.

Zia ALI, 52 years of age, of Brandon Gate drive, Mississauga, Ontario was charged on October 28th, 2010 and is scheduled to appear in court on November 26th, 2010 at Old City Hall Courthouse in Toronto. He is facing six Criminal Code charges and seven charges under the Bankruptcy and Insolvency Act.

Muthukumari VELAUTHAM, 49 years of age, of Finch Avenue East, Toronto, Ontario was charged on October 28th, 2010 and is scheduled to appear in court on November 26th, 2010 at Old City Hall Courthouse in Toronto. She is facing One Bankruptcy and Insolvency Act charge.

Saravanabavasarma KIRUBAHARAN, 47 years of age, of Four Winds Drive, North York, Ontario was charged on October 20th, 2010 and appeared in court on November 19th, 2010 at Old City Hall Courthouse in Toronto. He is facing sixteen Criminal Code charges and twelve charges under the Bankruptcy and Insolvency Act.

With the ongoing co-operation between the RCMP and the Office of the Superintendent of Bankruptcy (OSB) we continue to investigate allegations of breaches of the Bankruptcy and Insolvency Act and the Criminal Code as they pertain to the Canadian Insolvency process. The RCMP will enforce the provisions of the Criminal Code when appropriate and this partnership will continue to focus its efforts on undertaking criminal investigations where evidence of wrong doing exists. The objective is to maintain confidence in the integrity of the Bankruptcy/Insolvency Process and the economic stability of Canada.

The successful partnership between the OSB and RCMP is working diligently together investigating and responding to these allegations of fraudulent bankruptcies and systemic abuse of the bankruptcy process.
The RCMP GTA Commercial Crime Section central intake can be reached at 1-800-461-9398.